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Cut of half a Percentage Point on wednesday has spurred investors sending us markets into record highs. Traders cheered the Central Banks big call cutting the main Interest Rate to between 4. 75 and 5 . Opening the door with a bang on the first rates Easing Cycle in more than four years. President biden hailed the move as good news for consumers but said there was more work to be done in taming inflation. Lets be clear. The fed lowering Interest Rate is not a declaration of victory, its a declaration of victory, its a declaration of victory, its a declaration of progress. Its a Signal Weve entered a new phase for a colony and are recovery. I believe its important ....
Soft and america has beaten back the unprecedented economic challenges of the global pandemic and the ensuing disruption to the economy. It is proof that the biden economic recovery has been nothing short of miraculous. Especially given the mess he inherited from trump and the u. S. Outperformed every other country on earth. Trump like so many republicans before him has enjoyed a pulling advantage with voters over the economy. That may be changing. Multiple polls in recent weeks suggesting harris is closing the gap and possibly even leading trump on economic issues. Harris has been helped by trumps inability to feign caring about the expenses of americans as he proved earlier this month with that rambling answer to that direct question in New York. It was Word Salad but with one under noticed but toxic ingredient that deserves more attention. If you take it in november, can you commit ....
It is just coming in right now. The federal reserve announced half a point. That was not the most expected. 48 days to the election, great news for the economy. Critics said it could not happen, but our policies a little policies are lowering costs and creating jobs. As a republican nominee plans to raise your grocery prices. How can a family of four that, like cheerios? i haven t seen cheerios in a long time. And nancy pelosi on the state of the race and the maga threats in the house. And growing calls for center in the senate as a hate crime hearing flies off the rails. You do not support hamas. I oppose you should hide your head in a bag. When all in starts right now. Good evening from new york. I am chris hayes. We are so back. This afternoon federal reserve chair jerome powell took the stage to announce the feds first cut in interest rates since 2020 and the beginning of the pandemic recession and it was a big one. A half percent interest rate reduction to stimulate borrowing and ....